Demand Dimension - The overall penetration rate of Extended Range Electric Vehicles (EREV) is expected to maintain at 5.0% in Q1 2025, with differentiation in price segments and vehicle types [2][7] - From 2020 to 2025, the penetration rate of EREV is projected to rise due to the synergy of products, technology, and policies, with an expected range of 10-15% by 2027 [2][7] - In Q1 2025, the penetration rates for different price segments are as follows: 2% for 10-15万元, 6% for 15-20万元, 12% for 20-30万元, 16% for 30-40万元, and 31% for above 40万元 [2][7] - SUV models show a higher penetration rate for EREV compared to sedans, with SUV penetration rates between 8%-14% and sedan rates around 1% from 2024 to May 2025 [2][7] Supply Dimension - Major EREV brands include Li Auto, Hongmeng Zhixing, Leap Motor, and Deep Blue, focusing on large and mid-large SUVs, while also targeting lower price segments with mid-sized SUVs and sedans [3][7] - EREV generally has a lower Bill of Materials (BOM) cost compared to EVs, with a cost difference estimated between 10,000 to 40,000 yuan due to smaller battery capacities [3][7] - In terms of pricing, the price difference between EREV and EVs varies from 0 to 60,000 yuan, with higher price segments showing larger price gaps [3][7] Future Outlook - The next generation of EREV is expected to feature larger batteries, with a suitable range of over 400 km for models priced above 300,000 yuan [4][7] - Future advancements in EREV technology will focus on improving the thermal efficiency of range extenders, with expected efficiencies of over 44% for third-generation engines [4][7]

该报告还指出，公共充电设施持续存在的问题阻碍了电动汽车更广泛的普及。从长远来看， J.D.Power预测到2030年电动汽车市场将占零售市场的26%，约为前总统乔·拜登（Joe Biden）50%目 标的半数。然而，国际能源署等机构预测显示，到2030年，电动汽车将占美国汽车销量的50%。 撰 文 / 戈 戈 设 计 / 琚 佳 随着大多数市场中纯电动汽车销量增长放缓，汽车行业正在权衡新的方法以加快电动化的发展势 头。除了插电式混合动力电动汽车（PHEV）之外，增程式电动汽车（EREV）作为一种潜在的解 决方案重新受到关注，以缓解现有燃油车、混合动力车和电动汽车车主对续航里程焦虑和成本方面 的担忧。 2024年，美国轻型车市场同比增长2.2%，达到1590万辆，销量增长的主力来自于混动车型，同比增 长了36.7%。 其中，插混汽车的销量同比增长了35.4万辆，达到144万辆，占当年汽车市场的11%，比上一年增长 了2.4个百分点。 据 J.D. Power发布的最新预测，由于关税和激励措施的不确定性，电动汽车在美国零售市场的份额 将与去年持平，2025年将达到9.1%，120万辆。 美国总统特朗普（Donal ...